Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I'm a long time user of Ninjatrader for day trading. I know some people hate it and claims it's unstable, but it seems to work fine with me. Since I've had access to a few custom indicators in NT7, I've stayed with it, but I really don't depend on them and am now considering if it may be worth moving on.
For now, I'm simulator trading, but I will be going live in January and as such I'm thinking if it might be worth going over to NT8. My trading needs are simple: Minute and volume charts of one symbol only (ES). Also, I'd like to execute my trades from charts.
So, my main concern then is stability, speed and ease of use.
Any thoughts or advice? Is NT 8 faster? Is it easy to start using, i.e., similar user interface?
Thanks in advance!
Can you help answer these questions from other members on NexusFi?
I'm also interested in broker recommendations for daytrading ES. In the past I've used Ninja through Interactive Brokers, but I'm now considering Ninjatrader Brokerage among others.
nothing replaces your own experience, 8 is nice it is better organized and streamlined, but i think 7 is more solid, i do not use 8 for me it is not ready yet, but i think it never will be.
but for your set up you may find that 8 works just fine, and there is no difference.
Sent from my iPhone using Tapatalk
"Learning to Trade: The Cost Of Tuition"
- a roadmap of my lessons learned as taught by the market
I'll throw in my two cents. I think you should test out 8 in sim first before you go live. 8 seems to have different settings in their back testing / market replay engine, so the performance results will different from 7. In some cases depending on your strategy this difference may be very significant.
While I have never got a straight answer from NinjaTrader regarding the accuracy or reliability of the market replay in 7 v 8, what I can tell you is this:
1. If you can beat both systems handily you should be in good shape to go live.
2. If you can only beat one of the two (7 or 8) but not both, you may need to evaluate things further.
There may be some further information you can dig up regarding if one is more liberal or conversation, or if one is more realistic vs. the other.
Worse case, you lose a little bit of time testing out 8, if you are discretionary trading and not programming, migrating to 8 should not be too bad. They changed a good bit of their code base so if you are like me and an algo guy, reprogramming everything is a bit more of a pain.
Best case, you learn from doing a few days testing and realize that maybe you were or weren't ready to go live yet. In my opinion there is very little risk with this approach, vs. jumping in live first.
